Tel Aviv Stock Exchange Awaits Market Opening Amid Iran Tensions and Global Volatility

The Tel Aviv Stock Exchange is set to open amid heightened geopolitical tensions following escalations in Iran. The U.S. Central Command announced a new wave of strikes across Iran in response to missile attacks on ships in the Strait of Hormuz, leading to increased volatility in global markets. This has caused the U.S. dollar to strengthen against the shekel, which also weakened against the euro, while oil prices surged sharply by 4% for Brent and WTI crude. Concurrently, futures contracts on major U.S. indices fell, with Nasdaq down 1.1%, S&P 500 down 0.5%, and Dow Jones down 0.1%. Asian markets also declined, with Japan's Nikkei dropping 1.9% and South Korea's market plunging 7%.

In Israel, Strauss Group has been added to the list of significant market concentration entities due to its increased sales volume, marking it as the second-largest food company on this list. The controlling shareholders include Ofra Strauss, Adi Strauss, and Irit Strauss. Meanwhile, Delek Group's board approved a preliminary plan to issue rights to shareholders to repay company debts totaling 450 million shekels and subsequently distribute its holdings in Israel Corporation to shareholders. This restructuring aims to streamline Delek's ownership structure but will not allow major shareholders such as Tzachi Nahmias and the Zelkind brothers to acquire additional shares.

Looking ahead, investors await key inflation data releases: U.S. inflation figures for June are due tomorrow, followed by Israel's inflation data on Wednesday. These macroeconomic indicators, combined with ongoing geopolitical risks and market reactions, will influence trading dynamics in the coming days.